At riksgalden.se, we use cookies to improve your experience on our website and to collect statistics. We also use cookies for analyzing to improve our website. More about cookies.
Terms for switches in inflation-linked bond SGB IL 3107
News 21 April 2016
As a market commitment, the Debt Office offers switches amounting to a total of approximately SEK 5 billion before SGB IL 3107 0.5% 1 Jun 17 becomes shorter than one year. The switch auctions will be held on 20 and 23 May.
The offered bond in the switch auctions is SGB IL 3110 0.125% 1 Jun 19. The first auction will be made cash neutral[1] and the second price risk neutral[2].
|
|
Fri 20 May |
Mon 23 May |
|
SNDO sells bond |
3110 |
3110 |
|
SNDO sells amount (SEK mn) |
2 000 |
1 250 |
|
SNDO buys bond |
3107 |
3107 |
|
SNDO buys amount (SEK mn)[3] |
1 992 |
3 502 |
|
Time for yield on buy-back loan |
10.45 |
10.45 |
|
Time for auction cut-off |
11.00 |
11.00 |
|
Time for auction result |
11.03 |
11.03 |
The bid yield on the buy-back bond SGB IL 3107 will be published at 10:45 a.m. on the day of the auction on riksgalden.se/borrowing.
Bids must be placed before 11:00 on the day of the auction. The results will be published at 11:03 or somewhat later. Bidding is only possible through primary dealers.
Contact
Maria Norström, Head of Funding, +46 (0)8 613 46 35
Magdalena Belin, Head of Analysis, +46 (0)8 613 52 28
[1] The market value of the purchase and sales volumes of each bond shall be equal.
[2] The market value of the purchase and sales volumes multiplied by the modified duration of each bond shall be equal.
[3] The stated nominal volume of the buy-back bond is an approximation calculated on the basis of today’s yields.